The role of the CFO and the corporate controller’s group continues to grow and evolve beyond managing the company’s books. It is an increasingly critical role and they are relied upon to manage strategic accounting and financial reporting work that is core to communicating company performance. In an era of evolving financial reporting requirements, the globalization of business activities and increasing audit and regulatory scrutiny, VRC helps public and privately held companies, private equity and venture capital firms successfully manage their financial reporting valuations.
VRC professionals offer a mix of finance and accounting expertise and maintain active involvement in numerous standard-setting organizations including the AICPA, AITF, and The Appraisal Foundation’s Working Groups. We keep our finger on the pulse of developments in financial reporting methods and regulatory requirements under U.S. GAAP, IFRS, the SEC, PCAOB, the FASB and FINRA. It is necessary to rely on an independent valuation partner to provide objective, supportable conclusions of value that comply with these standards and requirements.
Our valuation professionals are trusted advisors to our clients and partners. Legal professionals, national audit firms and tax professionals consistently refer their clients to us, confident in our delivery of defensible financial reporting valuation analyses.
The VRC team does a great job of LISTENING and picking up on items that require specific consideration. They do well in MANAGING OUR EXPECTATIONS as to the timing involved to complete such work.
PDL BioPharma (NASDAQ: PDLI)
A publicly traded holding company that manages patents and other intellectual property that has been generated by the company
VRC has the TECHNICAL KNOWLEDGE. We have always been pleased with how easy they are to work with and especially their RESPONSIVENESS. They consistently work well with our audit firm, which is important.
Generac Power Systems (NYSE: GNRC)
A leading global supplier of backup power and prime power products, systems and engine-powered tools
VRC’s knowledge is impressive. Also as impressive is the ADVOCACY they bring. When we used a Big 4 firm, they were being very conservative. A lot of issues in accounting are gray, but the Big 4 tend to see them as black or white. VRC was able to identify some gray area issues we needed to consider and offered a little more FLEXIBILITY IN OPTIONS WE COULD EMPLOY that were still in the bounds of accounting rules.
A global leader in engineered materials and optoelectronic devices and components
The thing we really like about VRC is their RESPONSIVENESS. Even when it could be perceived as unreasonable, THEY’VE ALWAYS BEEN TIMELY AND MEET OUR TIMELINE.
A physician-led, patient-focused company
They have been very helpful and the key characteristic that is ABSOLUTELY CRITICAL IS THEIR RESPONSIVENESS and how quickly they are able to HELP US WITH A FIRE DRILL.
A leading, global growth private equity firm
Our professionals are long-tenured and well qualified with an average of more than 23 years of experience and backgrounds in accounting, economics, finance and statistics. Nearly 95 percent of our professional team members hold advanced degrees and certifications, including CFA, CPA, MAI and ASA. These team members participate in each phase of the engagement, from initial client discussions through final recommendations. We work closely with a company’s finance and accounting professionals as well as external accountants and auditors to understand the significance and impact of each client’s unique situation. Our work withstands rigorous audit and regulatory reviews and is delivered on time, every time.
Our core financial reporting services include but are not limited to:
Financial Reporting Valuations Services
Allocation of Purchase Price
Under ASC 805, a PPA analysis allocates the purchase price into acquired assets and liabilities
Annual impairment testing services supporting ASC 350 compliance, including underlying assets associated with reporting units
Intellectual Property & Other Intangible Assets
Categorized as marketing/brand, customer, artistic, contract or technology-based assets, must be valued under ASC 805 & ASC 350
International Business Combinations
Multinational firms pursuing M&A strategies face additional international financial & tax reporting requirements
IPO Readiness & Equity Compensation
Companies need valuations for various forms of equity-based compensation. Early-stage companies need a valuation health-check, pre-IPO
Mergers & Acquisitions
ASC 805 & ASC 350 make it critical for buyers & sellers to consider how a transaction impacts financial reporting
When considering an acquisition, management teams need accurate valuations of the target’s assets & liabilities